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Restructuring

Business
Tyson Foods To Close Two Philadelphia Plants, Laying Off 229 Workers Tyson Foods To Close Two Philadelphia Plants, Laying Off 229 Workers
Tyson Foods To Close Two Philadelphia Plants, Laying Off 229 Workers Tyson Foods will permanently close two Philadelphia facilities, affecting 229 employees, according to a WARN notice filed by the company. The closures include the Original Philly Cooked Plant at 4001 North American Street and the Original Philly Raw Plant at 520 East Huntington Park Avenue, both located in Philadelphia. The plants, which employ 110 and 119 workers respectively, will shut down operations effective Jan. 31, 2025. The layoffs come as part of Tyson Foods' restructuring efforts, though further details about the closures have not been disclosed. According to the Worker Adjustmen…

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by Jillian Pikora
Business
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants
TGI Fridays Files For Bankruptcy Weeks After Sudden Closures Of At Least 12 Restaurants Casual dining chain TGI Fridays has filed for bankruptcy several weeks after at least 12 of its restaurants suddenly closed. The company filed the Chapter 11 petition on Saturday, Nov. 2, in Texas, near its Dallas headquarters. Founded in New York City in 1965, TGI Fridays has 95 restaurants in the US, 39 of which the company owns and operates. The other 56 are independent franchises not involved in the bankruptcy petition. The company said that all those locations will remain open. According to the TGI Fridays website and other reports, the following locations are now listed as permanent…

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by Joe Lombardi